How a Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became a blueprint for chip-backed debt, which is on track to become a $1T market (Bloomberg)

Bloomberg: How a Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became a blueprint for chip-backed debt, which is on track to become a $1T market  —  “What is a GPU?”  Blackstone Inc. executives asked CoreWeave Inc.'s leadership.  Also: “Is AI real?”  —  These were entirely logical queries …